Van de Velde NV ( (GB:0IWV) ) has provided an update.
Van de Velde NV has announced a change in its share denominator following the decision by the Board of Directors to destroy 230,995 of its own shares. This move, authorized by the Extraordinary General Meeting, reduces the total number of voting securities and voting rights to 12,831,422 shares, representing a strategic effort to consolidate ownership. The destruction of shares resulted in the company holding 1.73% of its own voting rights, breaching the lowest statutory threshold of 3%. This development impacts stakeholders by adjusting the ownership percentages and may influence decision-making processes within the company.
More about Van de Velde NV
Van de Velde NV operates in the fashion industry, focusing primarily on designing and manufacturing high-end lingerie. The company targets a global market with a strong emphasis on quality and luxury in its product offerings.
YTD Price Performance: 1.36%
Average Trading Volume: 241
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €379.9M
See more data about 0IWV stock on TipRanks’ Stock Analysis page.